Top DefenseTech Companies
Ranked by valuation — 45 companies tracked
IPO Watchlist
Expected to IPO in next 12-24 months
SpaceX
S-1 Filed — Imminent
Aerospace manufacturer and space transportation company pursuing the largest IPO in history — targeting a $75B raise at a $1.75T valuation following the xAI merger in February 2026.
$1.75T
IPO Readiness
95
Anduril Industries
12-18 months
Anduril Industries builds autonomous defense systems for the US military. $60B valuation, $4.6B raised. Track IPO readiness score and funding timeline.
$60B
IPO Readiness
86
Shield AI
12-18 months
Defense AI company building autonomous pilot technology for military aircraft.
$12.7B
IPO Readiness
86
Wiz
18-24 months
Cloud security platform offering agentless visibility across multi-cloud environments.
$12B
IPO Readiness
79
Saronic
18-24 months
AI-powered autonomous surface vessels for the U.S. Navy and allies, scaling shipbuilding capacity for modern maritime defense.
$9.25B
IPO Readiness
70
Netskope
18-24 months
Cloud security platform providing Zero Trust Network Access and data protection for modern enterprises.
$7.5B
IPO Readiness
68
Snyk
18-24 months
Developer-first security platform for finding and fixing vulnerabilities in code.
$7.4B
IPO Readiness
68
Relativity Space
18-24 months
Aerospace company 3D-printing rocket engines and launch vehicles.
$4.2B
IPO Readiness
63
Sector Pipeline
Company count by funding stage
Series A
2
Series B
7
Series C
7
Series E
2
Pre-IPO
2
Series D+
11
Public
5
series_c
3
Acquired
2
series_b
2
Series G
1
Recent IPO
1
Recent Funding Rounds
Latest deals in the DefenseTech sector
Shield AI
Series G · Mar 2026
$2B
Led by Advent International, JPMorgan Chase Strategic Investment Group
Vulcan Elements
Government Loan (DoD OSC) · Nov 2025
$620M
Led by Pentagon Office of Strategic Capital
Sector Themes
Key narratives driving the DefenseTech sector in 2026
1
Autonomous weapons systems replacing manned platforms
2
AI-powered decision making in contested environments
3
Drone swarm warfare enabling asymmetric deterrence
4
Space-based ISR feeding battlefield AI data pipelines
5
Cybersecurity as warfighting domain — zero-day economics
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